Hong Kong stocks ended the week on a strong note Friday, marking a fifth straight advance as early profit-taking gave way to optimism over the worldwide easing of lockdown measures and hopes for the... » read more

Wall Street surged on Friday after a strikingly upbeat May jobs report unexpectedly provided the clearest evidence yet that the U.S. economy is headed for a quicker-than-anticipated recovery.
The... » read more

Oil prices rose on Friday after an unexpected fall in the May U.S. jobless rate and OPEC's decision to bring forward to Saturday discussions on whether to extend record production cuts.
Brent crude... » read more

Gold futures were sharply lower Friday, settling at their lowest in two months and losing nearly 4% for the week. A surprise monthly climb in U.S. jobs and a drop in the nation's unemployment rate... » read more

European stocks racked up their best week in two months on Friday, with investors scooping up battered shares of banks, automakers and travel companies amid growing signs that the pandemic-hit... » read more

An Australian court sided with police in ruling Friday that a Black Lives Matter protest planned for Sydney poses too much risk for spreading the coronavirus and cannot be held.
Thousands of people... » read more

Stocks rallied on Friday after a historic and surprising gain in U.S. jobs raised hope the economy is starting to recover from the coronavirus pandemic.
The Dow Jones Industrial Average jumped... » read more

Gold futures fell on Friday morning, amid a global rally in stocks that was dulling the appeal for the yellow metal.
August gold on Comex shed $18.70, or 1.1%, at $1,708.70 an ounce, nearly giving... » read more

Several authors of a large study that raised safety concerns about malaria drugs for coronavirus patients have retracted the report, saying independent reviewers were not able to verify information... » read more

U.S. stock-index futures pointed to modest gains Friday, as investors look to a labor-market report that could reflect soaring unemployment even as the data signals a decelerating pace of job losses... » read more

The euro climbed to a three-month high on Friday and was set for a third straight week of gains after the European Central Bank expanded its stimulus programme.
The euro rose to $1.1380 against a... » read more

Hong Kong stocks ended the week on a strong note Friday, marking a fifth straight advance as early profit-taking gave way to optimism over the worldwide easing of lockdown measures and hopes for the... » read more

Gold eased on Friday ahead of a key U.S. jobs report and looked set for a third consecutive weekly decline as hopes for an economic recovery stoked interest in assets seen as higher risk, like... » read more

Hong Kong stocks ended the week on a strong note Friday, marking a fifth straight advance as early profit-taking gave way to optimism over the worldwide easing of lockdown measures and hopes for the global economy.
The Hang Seng Index rallied 1.66 percent, or 404.11 points, to 24,770.41.
The...

America labor market unexpectedly rebounded in May, signaling the economy is picking up faster than thought from the depths of the damage from the coronavirus pandemic.
Nonfarm payrolls rose by 2.5 million after a 20.7 million tumble the prior month that was the largest in records back...

Oil prices rose on Friday after an unexpected fall in the May U.S. jobless rate and OPEC's decision to bring forward to Saturday discussions on whether to extend record production cuts.
Brent crude futures were up $2.07, or 5.2%, at $42.07 a barrel, while West Texas Intermediate crude futures...

The European Central Bank, as expected, boosted the size of its Pandemic Emergency Purchase Program on Thursday.
The ECB said the envelope for asset purchases was increased by 600 billion euros ($674.5 billion), to 1.35 billion euros.
The program is now set to run through at least the end of June 2021, versus the end of 2020, while maturing principal payments from assets purchased under the plan will be reinvested until at least the end of 2022, the ECB said.
The ECB left interest rates unchanged, with the deposit rate at -0.5% and the main refinancing rate at 0%. ECB President Christine...

An Australian court sided with police in ruling Friday that a Black Lives Matter protest planned for Sydney poses too much risk for spreading the coronavirus and cannot be held.
Thousands of people were expected to rally in Australia's largest city on Saturday afternoon to honor George Floyd and...

Wall Street and Main Street look for gold prices to rise this week, according to the weekly Kitco News gold survey.
Traders and analysts who make up the Wall Street poll continued to cite the mass liquidity being dumped into the global economy to offset damage from the COVID-19 pandemic. Also,...